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Runaway train ‘derailed’ by BHP in Australia

Bloomberg BHP Billiton Ltd., the world’s largest mining company, halted all train operations in Western Australia on Monday after it was forced to derail a runaway train in the Pilbara. The driver was inspecting an issue with the train when the locomotive ran away. While rail operations are suspended, mining operations continue, it said. The Australian Transport Safety Bureau said ...

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European VCs seek to raise more money in fewer funds

Bloomberg A range of European venture capital firms are seeking to raise more money in fewer funds as they ride a global trend towards larger investment vehicles. For five prominent firms in the region, sizes are expected to range from $100 million to $350 million each. Idinvest Partners SA, one of France’s largest VC firms, is targeting a $350 million ...

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AMD battered with huge share declines

Bloomberg Advanced Micro Devices Inc ad-ded its name to a growing list of semiconductor companies that were battered with huge share declines after reporting disappointing results and forecasts. The stock slumped 20 percent. AMD’s results came on a day when investors were already pressing the sell button on a sector that many now fear is signaling a wider technology industry ...

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